Insider Selling: PSQ (NYSE:PSQH) Insider Sells $10,335.03 in Stock

PSQ Holdings, Inc. (NYSE:PSQH) insider Dusty Wunderlich sold 17,517 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $0.59, for a total transaction of $10,335.03. Following the completion of the sale, the insider owned 109,592 shares in the company, valued at $64,659.28. The trade was a 13.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Dusty Wunderlich also recently made the following trade(s):

• On Thursday, May 14th, Dusty Wunderlich sold 11,606 shares of PSQ stock. The shares were sold at an average price of $0.61, for a total transaction of $7,079.66.
• On Wednesday, May 13th, Dusty Wunderlich sold 11,645 shares of PSQ stock. The shares were sold at an average price of $0.66, for a total transaction of $7,685.70.

PSQ Price Performance

PSQH stock opened at $0.60 on Monday. PSQ Holdings, Inc. has a 52-week low of $0.48 and a 52-week high of $2.84. The company’s 50 day simple moving average is $0.64 and its 200-day simple moving average is $0.98. The company has a debt-to-equity ratio of 3.42, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $29.25 million, a P/E ratio of -0.74 and a beta of 0.39.

PSQ (NYSE:PSQH) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.05. PSQ had a negative net margin of 143.15% and a negative return on equity of 217.16%. The business had revenue of $8.16 million for the quarter, compared to analyst estimates of $7.19 million.

Wall Street Analysts Forecast Growth

PSQH has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of PSQ in a report on Tuesday, April 21st. Wall Street Zen raised shares of PSQ from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $3.50.

Institutional Trading of PSQ

Several large investors have recently modified their holdings of the company. Alyeska Investment Group L.P. boosted its holdings in shares of PSQ by 63.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,862,102 shares of the company’s stock worth $3,978,000 after buying an additional 1,493,338 shares during the period. Vanguard Group Inc. boosted its holdings in shares of PSQ by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,374,303 shares of the company’s stock worth $2,625,000 after buying an additional 65,696 shares during the period. Marshall Wace LLP boosted its holdings in shares of PSQ by 1,727.8% during the 2nd quarter. Marshall Wace LLP now owns 870,150 shares of the company’s stock worth $1,784,000 after buying an additional 822,544 shares during the period. Harvest Investment Services LLC boosted its holdings in shares of PSQ by 1.8% during the 3rd quarter. Harvest Investment Services LLC now owns 652,294 shares of the company’s stock worth $1,246,000 after buying an additional 11,412 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of PSQ by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 333,355 shares of the company’s stock worth $683,000 after buying an additional 38,391 shares during the period. 17.32% of the stock is owned by institutional investors.

About PSQ

PSQ Holdings, Inc, together with its subsidiaries, operates an online marketplace through advertising and eCommerce in the United States. It operates through two segments, Marketplace and Brands segments. The PSQ platform is accessible through its mobile application and website. The company also sells diapers and wipes to mothers online under the EveryLife brand name. PSQ Holdings, Inc is headquartered in West Palm Beach, Florida.